https://www.taxtmi.com/caselaws?id=797299 The enhanced tax rate under Section 115BBE, effective from 1 April 2017 without express retrospective operation, does not apply to unexplained income surrendered for Financial Year 2016-17. Such income, including surrendered cash and gold treated as unexplained income, remains taxable at the pre-amendment rate, with applicable surcharge and cess. A bank cash deposit may be telescoped against cash surrendered during survey only after verification that the surrendered cash or recorded cash balance remained available and was not otherwise used. Credit should be allowed to the extent of available cash, preventing duplication of additions. en-us Mon, 10 Aug 2026 00:00:00 +0530 Thu, 20 Aug 2026 08:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797299 The enhanced tax rate under Section 115BBE, effective from 1 April 2017 without express retrospective operation, does not apply to unexplained income surrendered for Financial Year 2016-17. Such income, including surrendered cash and gold treated as unexplained income, remains taxable at the pre-amendment rate, with applicable surcharge and cess. A bank cash deposit may be telescoped against cash surrendered during survey only after verification that the surrendered cash or recorded cash balance remained available and was not otherwise used. Credit should be allowed to the extent of available cash, preventing duplication of additions. Case-Laws Income Tax Mon, 10 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797299